News
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Wheat turns higher as Egypt seeks supplies, corn also up
Corn and soybean prices also edged up although ample global supplies of both commodities helped to cap gains.
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Lulu Group Marks Market Entry
The Lulu Group plans to invest $300m over the next two years to open 10 stores in the country.
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Egypt's Central Bank likely to raise interest rates Thursday
Three out of five economists surveyed by Ahram Online expect the Central Bank of Egypt to raise benchmark rates to combat inflation.
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Egypt economy year in review: far from smooth sailing despite new canal
The search for dollars was the theme that dominated the entire year.
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Egypt economy year in review: far from smooth sailing despite new canal
The search for dollars was the theme that dominated the entire year.
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Egypt’s economy took turn for the worse in recent months
Slow implementation of new projects and structural reforms will restrict Egypt’s economic growth, says Focus Economic report.
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Egypt hires UK risk consultancy to help airport security
The company's objective is to make sure Egyptian airports comply with international aviation standards.
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Egypt's Central Bank backs local products, tightens importing measures
The move, which will come into effect in January, aims to limit imports of products with domestic alternatives in order to shore up limited resources
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Egypt and Israel,Tensions over natural gas supplies
Egypt seeks recourse to Swiss appealate courts to avoid paying compensation to Israel.
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Egypt's trade deficit registered 22% decline year-on-year in Sept
Imports mainly wheat by 23 percent, driving down the country’s trade deficit to register LE 29.5bn compared to LE 38bn same month last year.
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Fitch affirms Egypt’s ‘B’ rating, Dimian responds that economy is ‘resilient’
Dimian said the continuation of applying financial and economic reforms, which was initiated by the government last year, is necessary.
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HSBC Egypt plans capital increase in few days
HSBC Holdings PLC has approved to give a support for its Egyptian unit's capital through retained earnings, CEO and deputy chairman of HSBC Egypt.
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UAE, Egypt stress streamlining economy for sustainable development
The two sides tackled ways to apply the economic recovery plan in Egypt and focused on the role of the private sector in the creation of new jobs.
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Egypt-Malaysia Palm Oil Trade Indicates Promising Market Growth
During the first quarter of 2012, Egyptian-Malaysian bilateral trade amounted to $US 628 million, marking an approximate 50 percent increase.
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World Bank approves $3 billion loan for Egypt
In addition to the $3 billion development policy financing, the World Bank group will increase its financing in Egypt to $8 billion from 2015 to 2019.
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Saudi investments in Egypt focus on infrastructure over 3 years
Projects focus on infrastructure as well as some of the logistical, industrial and commercial projects that were announced at Sharm al-Sheikh.
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Egypt to receive a $200 million grant from China
According to Nasr, the projected financial grant will be invested in infrastructure, healthcare and Suez Canal development projects.
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Egypt Delays Rates Decision as Amer Urges Economic Reforms
Tarek Amer held talks with top ministers after saying the bank’s objectives can’t be achieved without “full coordination” with the government.”
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Egypt's central bank to meet govt, reconvene on Dec. 24
The meeting is scheduled to discuss efforts to control inflation.
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Egypt and Tunisia target German market
Egypt and Tunisia are launching new advertising campaigns on the German tourist market while Croatia and Kos are celebrating strong growth.